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NIDEC CORPORATION

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Japan's Nikkei hits 1-year low as U.S. rate-hike bets, Ukraine tensions weigh

01/25/2022 | 12:36am EDT

TOKYO, Jan 25 (Reuters) - Japan's Nikkei index touched a one-year low on Tuesday, weighed down by investor caution over the situation in Ukraine, broadening inflationary risks and on concerns of a faster-than-expected U.S. rate hike by the Federal Reserve.

The Nikkei share average fell 2.5% to 26,890.94, its lowest level since Dec. 29, 2020.

At 0516 GMT, the Nikkei index was down 2.1% at 27,001.91. The broader Topix lost 2.18% to 1,887l.70.

The Mothers Index of start-up shares fell more than 5% to its lowest since April 2020.

Technology stocks dragged the Nikkei lower, with start-up investor SoftBank Group losing 5.75%, chip-making equipment maker Tokyo Electron falling 3.11%. Motor maker NIDEC slipped 4.8%.

Wall Street bounced back from a steep sell-off to close higher overnight, with bargain hunters pushing the indexes into a positive territory.

Investors are keenly watching every move of the U.S. Fed as the central bank will begin its two-day meeting later on Tuesday, with investors starting to speculate that there is a small possibility that they will announce a surprise rate hike.

In a sign that geopolitical tensions are heating up, NATO announced it was putting forces on standby to prepare for a potential Russian invasion of Ukraine.

"Investors became cautious after seeing the steep falls on Wall Street last night, and they became even more sensitive to declines in U.S. futures today," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.

"The market will remain like this until the FOMC (Federal Open Market Committee) is over but after tomorrow, with the earnings season kicking off, investors will start hunt for stocks with good earnings."

Nihon M&A Center Holdings tanked 12% after the broker for mergers and acquisitions for small firms delayed its earnings announcement.

Defense-related stocks advanced amid tension between Russia and NATO, with Ishikawa Seisaku jumping 11.96% and Howa Machinery rising 5.5%.

(Reporting by Junko Fujita, additional reporting by Tokyo markets team; Editing by Sherry Jacob-Phillips)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.87% 0.68871 Delayed Quote.-4.44%
BRITISH POUND / US DOLLAR (GBP/USD) -0.13% 1.22416 Delayed Quote.-9.79%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.47% 0.77109 Delayed Quote.-2.07%
EURO / US DOLLAR (EUR/USD) 0.04% 1.04 Delayed Quote.-8.42%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.27% 0.012873 Delayed Quote.-3.84%
ISHIKAWA SEISAKUSHO, LTD. -1.16% 1364 Delayed Quote.-1.08%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.79% 0.62412 Delayed Quote.-8.10%
NIDEC CORPORATION -0.05% 8286 Delayed Quote.-38.69%
NIHON M&A CENTER HOLDINGS INC. 1.56% 1366 Delayed Quote.-52.32%
NIKKEI 225 2.64% 26427.65 Real-time Quote.-8.21%
S&P 500 2.39% 4023.89 Real-time Quote.-15.57%
SOFTBANK GROUP CORP. 1.47% 5116 Delayed Quote.-7.25%
TOKYO ELECTRON LTD 0.70% 57380 Delayed Quote.-14.02%
TOPIX INDEX 0.07% 1865.48 Delayed Quote.-6.43%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.00% 64.5 Delayed Quote.-13.93%
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Analyst Recommendations on NIDEC CORPORATION
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Financials
Sales 2022 1 873 B 14 498 M 14 498 M
Net income 2022 141 B 1 088 M 1 088 M
Net Debt 2022 346 B 2 679 M 2 679 M
P/E ratio 2022 34,5x
Yield 2022 0,79%
Capitalization 4 806 B 37 189 M 37 189 M
EV / Sales 2022 2,75x
EV / Sales 2023 2,44x
Nbr of Employees 758
Free-Float 84,4%
Chart NIDEC CORPORATION
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Nidec Corporation Technical Analysis Chart | 6594 | JP3734800000 | MarketScreener
Technical analysis trends NIDEC CORPORATION
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 20
Last Close Price 8 289,00 JPY
Average target price 12 692,11 JPY
Spread / Average Target 53,1%
EPS Revisions
Managers and Directors
Shigenobu Nagamori Chairman & Chief Executive Officer
Jun Seki Deputy Chief Operating Officer & Executive VP
Akinobu Samura Chief Financial Officer & Head-Investor Relations
Maki Okajima Executive Officer & Head-Information Systems
Takashi Omuraa Deputy Chief Technology Officer
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